Wind turbine maker Suzlon today said it has completed the process of acquiring German subsidiary REpower Systems.
"Suzlon announced the completion of "squeeze out" process of REpower Systems SE," the company informed the BSE.
"This is a very important milestone in Suzlon and REpower coming together," Tulsi Tanti, Chairman and Managing Director Suzlon Group said.
The stock exchange de-listing of the shares of REpower Systems will proceed in due course.
As part of REpower's restructuring plans it would relocate the manufacturing of its popular 2MW turbine to Suzlon’s facility in Padubidri, India.
Suzlon Energy today closed at Rs 38.50, up 4.76% on the BSE.
